Newmark Secures 95,800-SF Industrial Lease for Axcelis’ New Distribution Facility in Beverly, Massachusetts

January 23, 2024 9:00 AM

Newmark announces it has arranged a 95,800-square-foot industrial lease at 105 Sam Fonzo Drive in Beverly, Massachusetts. The transaction welcomes new tenant, Axcelis Technologies (“Axcelis”), an American company engaging in the design, manufacturing and servicing of capital equipment for the semiconductor manufacturing industry worldwide. Newmark Executive Managing Directors Richard Ruggiero, Matt Adams, Torin Taylor and Rory Walsh represented the tenant on the transaction.

With the growth of the semiconductor industry, Axcelis has witnessed continued growth in demand as a leading supplier of enabling ion implantation solutions –resulting in the tenant’s need for additional capacity for its logistics operation. With this, the tenant secured a long-term lease to occupy the entirety of 105 Sam Fonzo Drive in Beverly, MA, which will serve as the company’s new distribution and fulfillment center.

Developed by Tom Ford, owner of the Georgetown, MA-based T Ford LLC, 105 Sam Fonzo Drive was originally a five-acre parcel that was purchased and expanded by an adjacent nine-acre National Grid-owned property. Designed with the intention to keep up with the continued demand from the North Shore companies, T Ford LLC assembled the 14-acre land site and delivered the ground-up logistics facility spanning 95,800 square feet.

“Topography made this a challenging 14-acre site. Green Leaf Construction and Engineering Alliance brought forward thoughtful solutions and moved the project along,” said Tom Ford of T Ford LLC. “Through the collaborative efforts of all parties involved, we are gratified to have welcomed a best-in-class tenant such as Axcelis and look forward to witnessing further milestones in their new space.”

The state-of-the-art facility is designed to optimize the tenant’s logistics and warehouse operations, while providing flex capacity for the company’s manufacturing operations to support its growth. The facility features the latest technologies, such as AI-driven autonomous mobile robots (AMRs) and innovative enterprise-level warehouse automation to provide significant efficiency, as well as improve material handling and flow to Axcelis’ operations. In addition, the logistics center includes several energy and employee-friendly amenities including EV charging stations, utilization of US EPA Energy Star-rated heating, ventilation and air conditioning equipment and all LED lighting with advanced motion sensors.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of September 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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